November 2025 Snapshot: Softening Prices and Steady Rates in Dallas County
- Brandon Scribner
- Dec 15, 2025
- 4 min read
An updated analysis of the Dallas County real estate market reveals notable opportunities across the new construction, resale, and rental sectors in November 2025. With mortgage rates hovering around 6.57%—a slight decrease of 0.06% year-over-year—the current climate offers some encouraging news for buyers looking to enter the market.
New Construction Market: Price Adjustments and Inventory Shifts
For those in the market for a brand-new home in Dallas County, November 2025 presents a dynamic landscape. There are currently 1,191 active new construction listings. This marks a 9.2% decrease from the previous month (October 2025) and a 3.9% decrease from the previous year (2024), indicating a tightening of available new inventory.
Pricing for new homes shows a divergent trend between listing and sales prices. The average list price for a newly built home is now $686.82K. This is a 6.5% increase from October 2025 and a substantial 24.2% increase compared to last year. However, the average closed sales price has become more attractive for buyers, sitting at $778.1K, which is a significant 20.8% decrease from the previous month (August data reference) and a 1.6% decrease year-over-year.
Key New Construction Market Trends:
Active Listings: 1,191, down 9.2% from last month and down 3.9% from last year.
Average List Price: $686.82K, up 6.5% from last month and up 24.2% from last year.
New Listings: 303, down 36.9% from last month and down 11.7% from last year.
Closed Sales: 174, down 26.9% from last month and down 15.5% from last year.
Average Sold Price: $778.1K, down 20.8% from the previous month and down 1.6% from the prior year.
Percent of Original Price: 94.7%, down 0.4% from last month and down 1.3% from last year.
Resale Market: A Favorable Environment for Buyers
The resale market in Dallas County is signaling "great news for buyers," with active inventory remaining higher than last year. Active listings stand at 6,286, a decrease of 8.6% from October 2025 but a solid 3.1% increase compared to 2024. This year-over-year growth suggests that buyers still have more options than they did a year ago.
Both list and sales prices in the resale sector have trended downward, improving affordability. The average list price is $529.79K, a 1.4% decrease from last month and a 1.4% decrease from last year. Similarly, the average price for closed sales is $543.20K, which is a 14.0% decrease from September and a 4.9% decrease year-over-year.
Key Resale Market Trends:
Active Listings: 6,286, down 8.6% from last month but up 3.1% yearly.
New Listings: 1,710, down 31.7% from last month and down 6.3% from last year.
Closed Sales: 1,052, down 28.1% from September and down 18.7% from last year.
Average Sold Price: $543.20K, down 14.0% from September and down 4.9% from last year.
Percent of Original Price: 93.4%, down 0.2% from September and down 1.2% from last year.
Rental Market: Listings Rise While Prices Show Mixed Results
For those looking to rent in Dallas County, the residential lease market continues to expand its inventory. There are 3,676 active listings for leases, an increase of 0.4% from September 2025 and a notable increase of 7.4% from last year. The number of new listings is 1,509, up 3.0% from September and up 2.3% from the prior year.
While the average list price for a rental has dipped to $2.85K (down 1.0% from September), the closed lease price has actually surged. The average closed lease price is $3.30K, representing a 15.6% increase from September and an 18.2% increase from last year.
Key Rental Market Trends:
Active Listings: 3,676, up 0.4% from September and up 7.4% from last year.
New Listings: 1,509, up 3.0% from September and up 2.3% from last year.
Closed Leases: 879, down 14.1% from September and down 4.6% from the previous year.
Average Sold Price: $3.30K, up 15.6% from September and up 18.2% from last year.
Percent of Original Price: 95.2%, down 2.6% from September and down 0.4% from last year.
Overall Market Outlook
The Dallas County real estate market in November 2025 is characterized by favorable conditions for buyers, particularly in the resale sector where inventory is up year-over-year and prices have softened. The new construction market is seeing higher list prices but significantly lower closed sales prices compared to previous months. Meanwhile, the rental market is seeing a surge in closed prices despite a slight drop in list prices.
With average mortgage rates holding steady at roughly 6.57%, buyers have a window of opportunity to negotiate, evidenced by sales prices dipping below original list prices across the board (94.7% for new builds and 93.4% for resale). These trends suggest a market that is finding its balance, necessitating that buyers, sellers, and renters stay well-informed to navigate the evolving conditions effectively.
Important Note:
This analysis is based on data from NTREIS (North Texas Real Estate Information Systems) as of November 30, 2025. Market conditions can change rapidly, and this report is intended for informational purposes only. It should not be considered a guarantee of future market performance.
